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Dimon rules out leaving JP Morgan before 2019

JP Morgan Chase chief executive James Dimon is understood to have told some shareholders of the largest US bank during an April 23 lunch in Boston that he intends to stay with the company for as many as five more years.

According to investors who attended the meeting, Dimon stressed that he is “going nowhere” and that he was "feeling much better" about the bank's relationship with regulators. However, the 58-year-old emphasised that JP Morgan’s board has the ultimate say on his dual roles as chief executive and chairman, The Wall Street Journal gathers.

The news comes ahead of the firm’s annual general meeting on Tuesday, where shareholders have placed just three proposals on the ballot - the lowest of any during Dimon's decade-long tenure with the bank. And, for the first time since 2009 there is no vote on whether to split his twin roles at the company.